Bed Bath & Beyond Inc Earnings Drop In Q3

(RTTNews) - Bed Bath & Beyond Inc (BBBY) revealed a profit for third quarter that fell from the same period last year.

The company's earnings came in at $24.35 million, or $0.18 per share. This compares with $61.30 million, or $0.44 per share, in last year's third quarter.

Analysts had expected the company to earn $0.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.7% to $3.03 billion from $2.95 billion last year.

Bed Bath & Beyond Inc earnings at a glance:

-Earnings (Q3): $24.35 Mln. vs. $61.30 Mln. last year. -EPS (Q3): $0.18 vs. $0.44 last year. -Analysts Estimate: $0.17 -Revenue (Q3): $3.03 Bln vs. $2.95 Bln last year.